Business Interruption Insurance Brokers
Or call us on 1300 859 381
Insurance Brokers for your Business Interruption Insurance Quote
Primarily, Business Interruption Insurance is designed to mitigate the main business expenses of your business that continue to apply even when you are unable to trade. These expenses may include; Firstly, ongoing operating expenses, such as rent and electricity. Secondly, damage to a supplier’s premises which has a negative effect on your business. Finally, knock on effects of relocation, such as training staff on new machinery, or costs of moving your business to and from a temporary location.
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Not sure what products you would like in your Business Insurance quote? Click here to go to the Australian Government website for Business Insurance.
Why should I use a business insurance broker for my insurance quotes? Isn’t it better to do it myself?
Insurance brokers have a wealth of experience and industry knowledge that can assist you in making the right decisions for your company. Our brokers have all undertaken training to risk management, claims handling, and market knowledge for high risk industries. We also continually train and update our insurance brokers knowledge every year through continuous professional development programs, seminars, webinars, in-person training and more, to ensure that the service that your broker provides is based on the most up-to-date information available.
Fortune Insurance Brokers specialise in providing Australian businesses with multiple, fast insurance quotes from Australia’s top business insurers and underwriters. With years of experience dealing with just about every industry, give one of our professional business insurance brokers a call today on 1300 859 381. Whether you are starting a brand new company, or if you have been trading for a while, enter your details above and one of our brokers will be happy to assist with providing competitive business insurance quotes.
Who is Business Interruption Insurance for?
Generally, Business Interruption is for business owners who rely on a physical presence in order to attract their client base. For example, if you own a hospitality business or retail store. This is because these types of business rely on a physical location in order to bring in customers. Typically, this insurance is designed for supplementing the income of your business. This supplementation is required because a severe weather event or other event that prevents you from trading.
What Does Business Interruption Insurance Cover?
Primarily, Business Interruption Insurance is designed to mitigate the main business expenses of your business that continue to apply even when you are unable to trade. These expenses may include; Firstly, ongoing operating expenses, such as rent and electricity. Secondly, damage to a supplier’s premises which has a negative effect on your business. Finally, knock on effects of relocation, such as training staff on new machinery, or costs of moving your business to and from a temporary location.
When Does Business Interruption Insurance Apply?
Specifically, this insurance is designed for getting your business through a temporary crisis. Primarily by protecting your cash flow, so that you can pay your business expenses and protect the future of your business. If you are ever unsure if your policy covers your risk fully, please call your broker.